Cumulative Calculated Amount Clause Samples

Cumulative Calculated Amount. (a) Within ninety (90) days after the last day of each Lease Year (each such last day, an “Annual Determination Date”), Tenant shall calculate and report to Landlord the Cumulative Calculated Amount as of the Annual Determination Date. Each such report by Tenant to Landlord shall be in reasonable detail, and Tenant shall supply Landlord with such additional information as Landlord may reasonably request with respect to any aspect of any calculation reported. (b) In the event that the Cumulative Calculated Amount determined as of any Annual Determination Date shall exceed $0, Tenant shall, concurrently with its report of that Cumulative Calculated Amount to Landlord under Section 4.3(a), pay to Landlord an amount that is equal to the excess (if any) of (x) Landlord’s cumulative share of that Cumulative Calculated Amount determined in accordance with Section 4.3(c), over (y) the total of all payments previously made to Landlord by Tenant under this subsection (b) and the total of all payments previously made to Commission by Tenant under this section in the Prior Agreement. (c) Landlord’s cumulative share of the Cumulative Calculated Amount determined as of any Annual Determination Date is: (i) five percent (5%) of the first $2.5 million thereof; plus (ii) ten percent (10%) of the next $2.5 million thereof; plus (iii) fifteen percent (15%) of the next $2.5 million thereof, plus (iv) twenty percent (20%) of all amounts thereof in excess of $7.5 million; provided, each of the $2.5 million (and $7.5 million total) threshold amounts referenced in preceding clauses (i) through (iv) shall be adjusted at each Annual Determination Date to reflect the percentage change, if any, in the CPI most recently published prior to the Annual Determination Date as compared to the CPI most recently published prior to the Commencement Date of the Prior Agreement. (d) Examples of the application of Sections 4.3(b) and (c) are set forth in Schedule 4.3(d). These examples are hypothetical and for purposes of illustration only. For purposes of determining the Cumulative Calculated Amount, calculation shall include determinations made pursuant to the Prior Agreement. (e) Tenant shall maintain a separate account for the revenue and expenditures associated with the Coliseum Property in order to provide the reports and statements required under Sections 4.3(a) and 14.1 below. (f) Landlord agrees and acknowledges that Tenant may impose a ticket surcharge for Tenant Events in order to fund...